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Santa’s sleigh isn’t the only thing soaring this year—U.S. holiday prices are hitting record highs! According to U.S. Department of Labor data, the Consumer Price Index spiked 6.2% in October compared to last year, marking the highest inflation rate since 1990. Translation? Everything from gifts to groceries is getting a not-so-festive price hike.
CGTN vlogger Matteo hit Californian stores and gas stations to see the reality: Turkeys that cost 25% more, fuel prices burning holes in wallets, and Christmas decor that’s suddenly a luxury. One shopper told him, ‘I’m rethinking my gift list—maybe fewer presents, more cookies?’
Experts warn this could reshape holiday traditions, with families opting for DIY gifts or smaller gatherings. Whether you’re Team ‘Buy Now’ or ‘Wait for Discounts,’ one thing’s clear: 2023’s Christmas cheer comes with a hefty receipt.
NewspaperAmigo – Your Global News Buddy 
According to U.S. Department of Labor data, the Consumer Price Index spiked 6.2% in October compared to last year, marking the highest inflation rate since 1990. Translation? Everything from gifts to groceries is getting a not-so-festive price hike.
Turkeys that cost 25% more, fuel prices burning holes in wallets, and Christmas decor that’s suddenly a luxury. One shopper told him, ‘I’m rethinking my gift list—maybe fewer presents, more cookies?’ 
Whether you’re Team ‘Buy Now’ or ‘Wait for Discounts,’ one thing’s clear: 2023’s Christmas cheer comes with a hefty receipt. 
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